InterOcean Capital Group LLC Invests $4.03 Million in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

InterOcean Capital Group LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 77,998 shares of the company’s stock, valued at approximately $4,030,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Certified Advisory Corp grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 128.6% in the 4th quarter. Certified Advisory Corp now owns 38,063 shares of the company’s stock valued at $1,967,000 after buying an additional 21,414 shares during the last quarter. Assetmark Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 20.6% during the fourth quarter. Assetmark Inc. now owns 53,108 shares of the company’s stock worth $2,744,000 after buying an additional 9,061 shares in the last quarter. L.M. Kohn & Company grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 9.4% during the fourth quarter. L.M. Kohn & Company now owns 39,028 shares of the company’s stock worth $2,017,000 after buying an additional 3,359 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 50.6% during the fourth quarter. D.A. Davidson & CO. now owns 577,863 shares of the company’s stock worth $29,858,000 after buying an additional 194,280 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 7,955,014 shares of the company’s stock worth $411,036,000 after acquiring an additional 79,637 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY stock traded down $0.38 during midday trading on Wednesday, reaching $55.36. 309,988 shares of the company’s stock traded hands, compared to its average volume of 759,424. The company has a market capitalization of $10.48 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $43.30 and a fifty-two week high of $56.28. The business has a 50-day moving average price of $54.79 and a two-hundred day moving average price of $52.00.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.2238 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.90 annualized dividend and a yield of 1.62%.

First Trust NASDAQ Rising Dividend Achievers Company Profile

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.